MINUTES OF REGULAR BOARD MEETING OF · PDF fileMinutes of Regular Board Meeting October 26,...

MINUTES OF REGULAR BOARD MEETING OF

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY OCTOBER 26, 2017

The Regular Meeting of the Board of the Southeastern Pennsylvania Transportation Authority was held on Thursday, October 26, 2017 at 3:02 PM, in the Board Room of the Authority, with the Chairman in the Chair.

Attending the meeting were the following Board Members:

Pasquale T. Deon, Sr., Chairman Thomas E. Babcock, Vice Chairman Michael A. Carroll, P.E. Beverly Coleman Honorable Stewart J. Greenleaf (via telephone) Kevin L. Johnson, P.E. John I. Kane Obra S. Kernodle, IV Daniel J. Kubik Honorable Kenneth Lawrence William J. Leonard, Esquire Honorable Charles H. Martin Marcy Toepel (via telephone)

Present from the staff:

Jeffrey D. Knueppel, General Manager Richard G. Burnfield, Deputy General Manager/Treasurer Gino Benedetti, Esquire, General Counsel Stephen A. Jobs, Controller Carol R. Looby, Secretary Kim Scott Heinle, AGM, Customer Service Francis E. Kelly, AGM, Government & Public Affairs Robert E. Lund, AGM, Engineering, Maintenance & Construction Scott A Sauer, AGM, Operations

Mr. Deon called the Regular Meeting of the Board to order. He said the Special Meeting, which was noticed, was cancelled. Mr. Deon announced that Senator Stewart Greenleaf and Representative Toepel would be participating by phone and they acknowledged their presence.

Pledge of Allegiance was observed.

Mr. Deon then welcomed Representative Toepel, stating that she was from Montgomery County and was a great addition to the Board. He also mentioned the passing of a great friend of SEPTA, Lorraine Brill. Mr. Deon said that Ms. Brill had attended meetings and always provided kind words and constructive criticism. He said she would be missed.

Minutes of Regular Board Meeting October 26, 2017

Mr. Deon announced that the Board met in Executive Session just prior to the meeting to discuss legal matters. He stated that if there were speakers who wished to address agenda i terns they would be called before the Board voted on the item and asked that they limit their remarks to two minutes. He said speakers wishing to address items not on the agenda would be called after the regular business of the Board was completed.

Approval of Minutes

Mr. Deon entertained a Motion regarding the Minutes of the September 28th Regular Board meeting, which had been circulated. Commissioner Lawrence moved, Ms. Coleman seconded, and the Minutes were unanimously approved.

Financial Report

Mr. Burnfield reported that in September, revenue was slightly above budget. He said expenses for the month were under budget by $1. 5 million, with labor and fringe benefits below budget.

Mr. Burnfield stated that for the month, there was a surplus of $1. 5 million and year-to-date there was a surplus of $1. 7 million.

Mr. Deon entertained a Motion to adopt the Financial Report. Mr. Babcock moved, Mr. Kernodle seconded and it was unanimously adopted.

The September Financial Report is received and filed and is attached to these Minutes as Exhibit "A."

Mr. Deon then called for speakers wishing to address agenda items. There was no response.

Consent Calendar

Mr. Deon then presented the consisted of:

Consent Calendar, which

"Authorization to Award a Contract for a Procurement;"

"Award of Various Contracts for Sole Source Procurements;" and

"Authorization to Execute Change Orders."

Mr. Deon stated that all of the items on the Consent Calendar were reviewed by the appropriate Board Committees in public session. He then entertained a Motion to adopt the Resolutions. Mr. Leonard moved, Mr. Kane seconded and the following Resolutions were unanimously adopted.

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I.A. AUTHORIZATION TO AWARD A CONTRACT FOR A PROCUREMENT

"WHEREAS, SEPTA advertised and invited bids for the supplies identified below; and

WHEREAS, the firm listed below was the lowest responsive and responsible bidder to the invitation for bids; and

WHEREAS, staff requested that the General Manager recommend that the Board authorize SEPTA to award the contract identified below; and

WHEREAS, the General Manager made the recommendation to the Board.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and for the General Manager or his designee to execute the contract identified below in form approved by the Office of General Counsel, subject to and contingent upon the concurrence of the funding agencies, if required, and contingent upon and subject to the vendor satisfactorily meeting all requirements of the bid terms and specifications, including full compliance with any applicable Disadvantaged Business Enterprise requirements:

1. To W. B. Mason Co., Inc., for the supply of stockless stationery, toner and paper of all Authority-wide designated users, with delivery of material scheduled on an "as needed, as required" basis over a period of five years commencing on December 1, 2017, as described in the staff summary on this subject, for a total contract amount not to exceed $2,969,286.67, Sealed Bid No. 17-00161-AMUD - Stockless Stationary, Toner and Paper Supply."

I.B. AWARD OF VARIOUS CONTRACTS FOR SOLE SOURCE PROCUREMENTS

"WHEREAS, SEPTA has need for the described below and those supplies and only from the firms listed below; and

supplies and services services are available

WHEREAS, staff reviewed the cost of the supplies and services and the General Manager recommended that the Board authorize SEPTA to award the contracts.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and the General Manager or his designee to execute the contracts identified below, all in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and contingent upon and subject to each vendor I contractor satisfactorily providing any required bonds, insurance certificates and/or other documents, and complying with any applicable Disadvantaged Business Enterprise requirements:

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1. To Mitsubishi Electric Power Products, Inc., for the purchase of three gate control units (GCU) to be used for the maintenance of the Silverliner V rail car fleet, at a negotiated unit price of $43, 750.22, with delivery of material scheduled over a period of one year commencing in November 2017, as described in the staff summary on this subject, for a total contract amount not to exceed $131,250.66.

2. To Transtechnik Corp. USA, for the purchase of currently stocked replacement parts used for the general maintenance and VOH Programs on the Sil verliner IV and Sil verliner V rail car fleets, with deli very of material on an "as required" basis over a period of three years commencing in November 2017, as described in the staff summary on this subject, for a total contract amount not to exceed $2,152,800.

3. To PECO Energy Company, for the provision of utility duct bank relocation services to allow placement of a new elevator in support of the 31st Street ADA Improvements Project, with services to be performed over a period of two months scheduled to commence in December 2017, as described in the staff summary on this subject, for a total contract amount not to exceed $376,814."

I.C. AUTHORIZATION TO EXECUTE CHANGE ORDERS

"WHEREAS, additional work is required to complete the projects identified below; and

WHEREAS, staff reviewed the cost of the additional work and the General Manager recommended that the Board authorize SEPTA to order the additional work.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and the General Manager or his designee to execute the change orders identified below in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and to any applicable Disadvantaged Business Enterprise requirements:

1. To General Dynamics Information Technology, for Change Order No. 2, which provides for a five-month time extension of the contract for pre-employment screening of various positions such as mechanics, skilled tradespersons and operators, thereby establishing a new contract completion date of May 31, 2018, at an increase in cost not to exceed $45, 000, bringing the total contract price, including all change orders to date, to an amount not to exceed $214,843.75, provided that with the Board's approval of this change order, the Board authorizes the resetting of prior authorized cumulative change order amounts to zero dollars ($0) and the establishment of a new cumulative change order threshold of 10% or $500,000, whichever is first reached, pursuant to the Resolution adopted by the Board on May 22, 2008,

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which Resolution authorized a "Delegation of Authority for Change Orders, Amendments and Agreements".

2. To Daniel J. Keating Company, for Change Order No. 5, which provides for a negotiated equitable adjustment due to project delays for general construction work on the 69th Street Parking Garage Retaining Wall Project, at an increase in cost not to exceed $199,000, bringing the total contract price, including all change orders to date, to an amount not to exceed $2,262,013."

Report of General Manager

Mr. Knueppel stated that homelessness was a year-round problem, but the winter months were particularly challenging for this vulnerable population. He mentioned that SEPTA was proud to play a leading role in an effort to address this crisis and to be a real force for positive change.

Mr. Knueppel stated that in partnership with the City of Philadelphia and Project HOME, SEPTA'S in-house construction forces were working on a new and improved Hub of Hope in the concourse near Suburban Station and that it was expected to be open in early January. He explained that the new Hub of Hope would greatly enhance Project HOME's efforts to help the homeless. He said that while Project HOME has worked wonders from the small store front where the Hub of Hope has operated previously, moving to a new 11,000 square-foot engagement center greatly expands their ability to help the homeless.

Mr. Knueppel stated that at the new Hub of Hope, Project HOME's experts could offer homeless individuals some of the basic necessities everyone needs to get through the day - a meal, a shower, washing machines to clean their clothes, and a comfortable place to sit and feel safe - while working to connect them with services that can help them get back on their feet. He added that SEPTA and the City were sharing the construction costs for the new Hub of Hope, and there would be a charity fundraiser on November 6th at the Loews Hotel to help Project HOME raise funds for furnishings, appliances and equipment needed at the new engagement center. He also added that donations would also be shared with other homeless engagement centers so they too could offer expanded services.

Mr. Knueppel stated that everyone was eagerly awaiting the opening of the new Hub of Hope, and SEPTA looks forward to continuing to work with the City, Project HOME and other partners who were committed to addressing homelessness with compassion and treating those affected with the dignity they deserve.

Mr. Knueppel announced that earlier in the month, SEPTA rail employees had put their skills to the test in the annual Rail Rodeo. He noted that in addition to prizes and bragging rights,

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the teams competed for the right to represent SEPTA at APTA' s 2018 International Rail Rodeo Competition in Denver. Mr. Knueppel then thanked all employees who participated in the event and said that they were great representatives for SEPTA, and their expertise and dedication to their work was inspiring. He extended congratulations to the Grand Champions for the Operator Event, Broad Street Line Operator Dave Stanton took first prize and in the Vehicle Maintenance Event, the team from the Wayne Car House, Daniel Compton, Gary Geyer and Cameron Massaro, finished on top. Mr. Knueppel then wished them the best of luck at the International Competition!

Mr. Knueppel stated that would conclude his report.

Mr. Deon added his congratulations and thanked the employees for doing a great job.

Mr. Deon then called for speakers.

Speakers

Anne Crosier

Ms. Crosier read from a prepared statement that was submitted and attached to these Minutes as Exhibit "B". Mr. Deon thanked Ms. Crosier for speaking and asked Mr. Heinle and Mr. Kelly to meet with Ms. Crosier regarding her statement. He then called for the next speaker, Mr. Chanin.

Mitch Chanin

Mr. Chanin stated that he was a member of the Steering Committee of 350 Philadelphia. He commented that he has spoken previously to the Board, addressing issues relating to SEPTA' energy policies.

Mr. Chanin mentioned that 2017 saw record breaking heat waves, super storms, wild fires and other really dire consequences of climate change. He said the message that they were getting more and more loudly was that we need fundamental change of the energy system to replace fossil fuels with renewable energy in order to avert even worse catastrophe in the future. Mr. Chanin said that they need SEPTA to be part of that change and be a leader in the renewable energy transition.

Mr. Chanin stated that SEPTA was currently working on the energy action plan and that some of their members attended the stakeholder's meeting and were very pleased to hear about some of the initiatives, but they were very concerned that it was not enough. He said several things have happened since the last time that he had addressed the Board. Mr. Chanin mentioned that a number of times in the past he had spoken about transit agencies around the world that were planning a transition to renewable

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energy, including the Netherlands, Canada, Australia, Europe. Mr. Chanin said that recently, the City of Philadelphia announced its Municipal Energy Master Plan and committed to use a 100 percent of the electricity that powers all of its buildings and facilities to procure electricity from renewable sources by 2030. He said the City issued a Request for Proposals for about 20 to 40 percent of that electricity and they were now waiting on responses to that RFP. He said they were requesting that SEPTA match the City's global energy assistance and to procure all of the electricity to power trains, subways, trolleys and electric buses from renewable source by 2030. He said they would bring this message to the upcoming open house for the public energy action plan, but he wanted to bring that directly to the Board and mentioned that they would be in touch with them via email and letters.

Mr. Chanin said that one other thing he wanted to say was that they were very frustrated that the energy action plan open house had been scheduled on Election Day. He said if the goal was to maximize participation and public input, that was a bad day to hold a public event. Mr. Chanin said he strongly urges and requests that SEPTA find an alternative date for the open house.

Mr. Deon then called for the next speaker.

Sherrie Cohen

Ms. Cohen introduced herself to the Board and said she was a proud SEPTA rider, community activist and former candidate for City Council at Large. She also mentioned that she lives in the Ogontz area, which was 1.4 miles from Wayne Junction, the site of the polluting gas power plant located in a residential neighborhood in Nicetown that the Board voted to build.

Ms. Cohen stated that she was present today to urge the Board to re-visit and reverse its prior decision to build this plant. She commented that she has attended quite a few Board meetings over the past year.

Ms. Cohen mentioned that she learned that the zip code adjacent to the Wayne Junction Train Station has the highest rate of childhood asthma hospitalization in Philadelphia and the third highest number of asthma cases. She said she also learned that SEPTA failed to perform a full heal th impact study or fully examined alternatives. She said, "What could she ask has the Board learned from all the testimony that has been presented?" Ms. Cohen said one neighborhood resident after another, one environmental activist after another has implored the Board, berated the Board even bowed to the Board as part of an effort to persuade them not to proceed with this harmful power plant. She said all to no avail. She said the landscape has changed and in a landmark decision, on June 20, 2017, the Pennsylvania State

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Supreme Court, Environmental Defense Foundation versus Commonwealth of PA interpreted the State's constitution environmental rights amendment. She said this amendment, Article 1, Section 27, begins by stating that the people have a right to clean air. Ms. Cohen said the Court ruled that the State constitution places a limitation on the State's power to act in contrary to the rights of the people of this Commonweal th to clean air and the Court also stated that the constitution creates rights to prevent the government, and it specified State, local, or an authority from taking action which unduly harms environmental quality. She said the Court found that Pennsylvania places citizens' environmental rights on par with their political rights, and that Pennsylvania was only one of three states in the nation that affirms that people's environmental rights in their constitution alongside the people's political rights. Ms. Cohen mentioned that the Manko, Gold law firm, in which one of the SEPTA Board Members, Robert Fox, was a partner, posted on their website that this Supreme Court decision was, "Poised to fundamentally change how the Commonwealth regulates activity impacting the environment." She said Manko Gold further stated, "Going forward state agencies and local government, as well as regulated entities will need to carefully account for the Pennsylvania Supreme Court's recent decision in Pennsylvania Environmental Defense Foundation."

Mr. Deon asked Ms. Cohen to submit her statement to Ms. Looby so that it could be added to the record. He said he would also pass along Ms. Cohen's statement to the General Counsel. Ms. Cohen closed by urging the Board to re-visit and reverse this decision, at least until a full heal th impact study could be performed or until it could examine alternatives.

Mr. Deon then called for Ms. Libbey.

Pat Libbey

Ms. Libbey approached the podium and stated that she has PTSD and this was really terrifying for her to speak, but she has sworn that she would do everything that she could to help their children and their grandchildren.

Ms. Libbey stated that there was a poem that she sent to Tom Wolf, which has been read to City Council and distributed to all of their offices. She mentioned that she also read it to the DEP at a meeting at the Water Works, and the DRBC at their meeting at Washington Crossing. She added that it has been read to several other environmental organizations and church organizations.

Ms. Libbey then read the poem, My Poem to Tom Wolf, which was attached to the original Minutes as Exhibit "C".

Mr. Deon then called for the next speaker, Anne Dickinson.

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Anne Dickinson

Ms. Dickinson stated that she was excited that Philadelphia would run on 100 percent renewable energy by 2030. She said for SEPTA to be aligned with this policy would mean using all electric buses. She said she understood that SEPTA purchased 25 electric buses and plans on buying hundreds of diesel/electric hybrids. She said 2030 was coming soon, in only 13 years. She said SEPTA needed to step-up their game.

Ms. Dickinson mentioned that China leads the world in electric bus usages and the City of Shenzhen leads China. She said according to Chinabuses. org, Shenzhen' s regulations stated that starting in 2012 all new buses must be electric and that at the end of 2015, the number of new buses was 44 percent of the overall fleet. She mentioned that by the end of this year, all buses would be electric.

Ms. Dickinson said that according to Inside Climate News, Los Angeles was converting its bus fleet to being a 100 percent electric and it recently spent more than $138 million in purchasing 100 electric buses. She mentioned that they were expensive upfront, but would save on fuel and maintenance costs. She then mentioned that Louisville, Kentucky had spent $1 million upfront for each Proterra brand bus, and then it would save approximately $110,000 per year in diesel fuel costs, which calculates to $1.6 million in savings over 16 years. Ms. Dickinson then stated that according to the Union of Concerned Scientists, diesel power vehicles account for nearly two-thirds of all particulate matter emissions from U.S. transportation sources. She said eliminating diesel buses would help their heal th and of course, climate change was caused by fossil fuel use.

Ms. Dickinson closed by stating that SEPTA plans to build gas plants in Nicetown and other locations. She said this flies in the face of health and climate change and files in the face of City policy. She closed by asking the Board to eliminate these plans and go a 100 percent renewable.

Adjournment

There being no further business to come before the Board at this Regular Meeting, it was moved by Mr. Babcock seconded by Mr. Kubik, and unanimously adopted that the meeting be adjourned at 3:22 PM.

A transcript of this meeting was made by an official court reporter and is made a part of the original Minutes.

Carol R. Looby Secretary

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SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY

FINANCIAL REPORT

SEPTEMBER 2017

For Period Ended September 30, 2017

October 17, 2017

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FINANCIAL REPORT - SEPTEMBER 2017

COMMENTARY

Summary of Financial Results and Commentary

GROUP 1-CONSOLIDATED OPERATIONS

(1.1) Consolidating Statement oflncome - (YTD) (1.2) Consolidating Statement of Revenue and Expense - (YTD) (1.3) Consolidating Statement oflncome - (One Month) (1.4) Consolidating Statement of Revenue and Expense - (One Month)

GROUP 2 - CITY TRANSIT DIVISION

(2.1) Comparative Statement of Income (2.2) Detail Income Statement - (One Month) (2.3) Detail Income Statement - (YTD)

GROUP 3 - VICTORY DIVISION

(3.1) Comparative Statement oflncome (3.2) Detail Income Statement - (One Month) (3.3) Detail Income Statement - (YTD)

GROUP 4 - FRONTIER DIVISION

( 4.1) Comparative Statement of Income ( 4.2) Detail Income Statement - (One Month) ( 4.3) Detail Income Statement - (YTD)

GROUP 5 - REGIONAL RAIL DIVISION



COMMENTARY

Summary of Financial Results and Commentary

SUMMARY

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY SEPTEMBER AND YEAR-TO-DATE RESULTS OF OPERATIONS

The following is a summary of Divisional operating results (i.e. deficit before operating subsidies) and consolidated

results after subsidies for September 2017 and the three-month period then ended. The results are compared to the

Fiscal Year 2018 budget and to the prior year results in the accompanying financial statements.

(IN THOUSANDS) MONTH OF THREE MONTHS

DIVISION SEPTEMBER ENDED SEPTEMBER 2017 2016 2017 2016

City Transit $ (42,301) $ (43,883) $ (146,787) $ (147,491)

Victory (5,524) (5,036) (17,418) (17,598)

Frontier (1,990) (1,689) (6,686) (5,975)

Regional Rail (16,094) (15,487) (51,163) (51,927)

Total Deficit Before Subsidies (65,909) (66,095) (222,054) (222,991)

Operating Subsidies 67,374 65,984 223,815 215,138

Surplus/(Deficit) After Subsidies 1,465 (111) 1,761 (7,853)

Unrealized Investment Gain/(Loss) (464) (3) 51 (44) Surplus/(Deficit) after Investment Gain/(Loss) $ 1,001 $ (114) $ 1,812 $ (7,897)

The surplus after subsidies for the month of September was $1.5 million and the cumulative surplus for the three

months was $1.8 million. Passenger revenue for the month was $90 thousand (or 0.2%) higher than budget. Passenger

revenue for the three months of Fiscal 2018 was $4.7 million (or 4.2%) lower than budget. Shared Ride Program revenue

was $102 thousand lower than budget for the month of September and was $257 thousand (or 5.6%) lower than budget

for September year-to-date. Operating expenses for the month of September were $1.5 million lower than budget. For the

three-month period, operating expenses were $5.0 million (or 1.4%) lower than budget.

- 1 -


DIVISIONAL COMMENT ARY ON SEPTEMBER AND YEAR-TO-DATE RES UL TS

CITY TRANSIT DIVISION

The Division's operations for September 2017 resulted in a deficit before subsidies of $42.3 million for the month

and a year-to-date deficit before subsidies of $146.8 million, which is 0.3% lower than budget.

Passenger revenue for the month of September was $176 thousand (or 0.8%) lower than budget. For the three

months of Fiscal 2018 total passenger revenue was $2.6 million (or 3.8%) lower than budget. Shared Ride Program

revenue for September year-to-date was $257 thousand (or 5.6%) lower than budget. Operating expenses for the three

month period were lower than budget.

For the three months of the fiscal year, the operating surplus after subsidies was $1.2 million.

VICTORY DIVISION

The Division's operations for September resulted in a deficit before subsidies of $5.5 million bringing the cumulative

deficit before subsidies for the three months of the fiscal year to $17.4 million, which is 6.8% lower than budget.

Passenger revenue for September was $258 thousand (or 14.8%) higher than budget, and for the three months of

Fiscal 2018 was $607 thousand (or 11.1 %) higher than budget. Operating expenses for the three-month period were

lower than budget.

For the three months of the fiscal year, the operating surplus after subsidies was $155 thousand.

- 2 -

FRONTIER DIVISION


Operations for the month of September resulted in a deficit before subsidies of $2.0 million bringing the cumulative

deficit before subsidies for the three months of the fiscal year to $6.7 million, which is 0.4% higher than budget.

Passenger revenue for September was equal to budget, and for the three months of Fiscal 2018 was $83 thousand

(or 5.1 %) lower than budget. Operating expenses for the three-month period were lower than budget.


REGIONAL RAIL DIVISION

Operations for the month of September resulted in a deficit before subsidies of $16.1 million bringing the cumulative

deficit before subsidies for the three-month period to $51.2 million, which is 2.9% higher than budget.

September passenger revenue was $8 thousand (or 0.1 %) higher than budget, and year-to-date passenger revenue

was $2.6 million (or 7.0%) lower than budget. Operating expenses for the three-month period were lower than budget.


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GROUP I -CONSOLIDATED OPERATIONS

( 1.1) Consolidating Statement of Income - (YTD) (1.2) Consolidating Statement of Revenue and Expense - (YTD) (1.3) Consolidating Statement oflncome - (One Month) (1.4) Consolidating Statement of Revenue and Expense - (One Month)

OPERATING REVENUES

Passenger Revenue

Other Operating Revenue

Sub-Total - Operating Revenue

Shared Ride Program

TOTAL REVENUE AVAILABLE FOR OPERATIONS

OPERATING EXPENSES

DEFICIT BEFORE SUBSIDIES

OPERATING SUBSIDIES

SURPLUS AFTER SUBSIDIES

Unrealized Investment Gain/(Loss)

SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS)

Page 1.1 10/17/17

$

$

$

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF INCOME

THREE MONTHS ENDED SEPTEMBER 30, 2017

(THOUSANDS)

CITY REGIONAL TRANSIT VICTORY FRONTIER RAIL DIVISION DIVISION DIVISION DIVISION

65,932 $ 6,090 $ 1,550 $ 34,571 $ 5,452 522 171 3,220

71,384 6,612 1,721 37,791 4,377 - -

75,761 6,612 1,721 37,791

222,548 24,030 8,407 88,954

(146,787) (17,418) (6,686) (51, 163)

148,024 17,573 6,744 51,474

1,237 $ 155 $ 58 $ 311 $

(10) (2) (1) 64

1,227 $ 153 $ 57 $ 375 $

BUDGET VARIANCE TOTAL BUDGET SEPTA AMOUNT AMOUNT PERCENT

108, 143 $ 112,832 $ (4,689) (4.16)

9,365 9,073 292 3.22

117,508 121,905 (4,397) (3.61) 4,377 4,634 (257) (5.55)

121,885 126,539 (4,654) (3.68)

343,939 348,920 4,981 1.43

(222,054) (222,381) 327 0.15

223,815 222,381 1,434 0.64 -

1,761 $ - $ 1,761

51 - 51

1,812 $ - $ 1,812

OPERATING REVENUES

Passenger Revenue Shared Ride Program Investment Income

Other Income

TOTAL OPERATING REVENUE

OPERATING EXPENSES

Labor, including Paid Absences Fringe Benefits Material & Services Injuries & Damages Propulsion Power Fixed Rent Fuel

Depreciation

TOTAL OPERATING EXPENSES


OPERATING SUBSIDIES

Federal State Local Lease Cost/Debt Service

Other-Route Guarantees

TOTAL SUBSIDIES

SURPLUS AFTER SUBSIDIES Unrealized Investment Gain/(Loss)

SURPLUS AFTER INVESTMENT GAIN/(LOSS)

Page 1.2 10/17/17

$

$

$

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF REVENUES AND EXPENSES


(THOUSANDS)

CITY TRANSIT VICTORY FRONTIER DIVISION DIVISION DIVISION

BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL

68,550 $ 65,932 $ 5,483 $ 6,090 $ 1,633 $ 1,550 4,634 4,377 - - - -

178 311 9 15 3 4 5,017 5,141 565 507 216 167

78,379 75,761 6,057 6,612 __ 1_,852 1,721

105,645 103,322 11,432 11,825 4,640 4,446 68,430 67,458 6,955 6,078 2,126 2,306 33,994 34,324 4,919 4,711 1,060 999

5,784 5,784 272 272 133 133 2,872 2,701 267 253 - -

743 828 40 37 14 13 4,671 4,672 811 802 527 498 3,535 3,459 54 52 13 12

225,674 222,548 24,750 24,030 8,513 8,407

(147,295) (146,787) (18,693) (17,418) (6,661) (6,686)

6,328 6,960 824 769 287 298 116,158 116,238 15,505 14,579 5,397 5,459

17,424 17,436 2,326 2,187 810 819 7,068 7,070 38 38 10 10

317 320 . 157 158

147,295 148,024 18,693 17,573 6,661 6,744

$ 1,237 $ . $ 155 $ $ 58 . (10) . (2) (1) . $ 1,227 $ - $ 153 $ . $ 57

REGIONAL RAIL DIVISION TOTAL SEPTA

BUDGET ACTUAL BUDGET ACTUAL -$ 37,166 $ 34,571 $ 112,832 $ 108,143

- - 4,634 4,377 220 338 410 668

2,865 2,882 8,663 8,697

40,251 37,791 126,539 121,885

34,482 35,128 156,199 154,721 20,577 20,200 98,088 96,042 26,659 25,605 66,632 65,639

1,405 1,405 7,594 7,594 4,904 4,481 8,043 7,435

320 279 1, 117 1,157 123 100 6,132 6,072

1,513 1,756 5,115 5,279

89,983 88,954 348,920 343,939

(49,732) (51,163) (222,381) (222,054)

1,509 2,438 8,948 10,465 28,374 29,158 165,434 165,434 4,256 4,374 24,816 24,816

15,218 15,216 22,334 22,334 375 288 849 766

49,732 51,474 222,381 223,815 -$ $ 311 $ $ 1,761

64 51

$ . $ 375 $ . $ 1,812

OPERATING REVENUES

Passenger Revenue

Other Operating Revenue

Sub-Total - Operating Revenue

Shared Ride Program

TOTAL REVENUE AVAILABLE FOR OPERATIONS

OPERATING EXPENSES


OPERATING SUBSIDIES

SURPLUS AFTER SUBSIDIES


SURPLUSl(DEFICIT) AFTER INVEST_MENT GAIN/(LOSS)

Page 1.3 10/17/17

$

$

$

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF INCOME ONE MONTH ENDED SEPTEMBER 30, 2017

(THOUSANDS)

CITY REGIONAL TRANSIT VICTORY FRONTIER RAIL DIVISION DIVISION DIVISION DIVISION

23,086 $ 2,000 $ 506 $ 11,827 $ 1,719 177 59 1,071

24,805 2,177 565 12,898 1,304 - - -

26,109 2,177 565 12,898

68,410 7,701 2,555 28,992

(42,301) (5,524) (1,990) (16,094)

43,327 5,654 2,038 16,355

1,026 $ 130 $ 48 $ 261 $ (221) (14) (4) (225)

805 $ 116 $ 44 $ 36 $

BUDGET VARIANCE TOTAL BUDGET SEPTA AMOUNT AMOUNT PERCENT

37,419 $ 37,329 $ 90 0.24 3,026 2,985 41 1.37

40,445 40,314 131 0.32 1,304 1,406 (102) (7.25)

41,749 41,720 29 0.07

107,658 109,180 1,522 1.39

(65,909) (67,460) 1,551 2.30

67,374 67,460 (86) (0.13)

1,465 $ - $ 1,465

(464) - (464)

1,001 $ - $ 1,001

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF REVENUES AND EXPENSES

ONE MONTH ENDED SEPTEMBER 30, 2017

(THOUSANDS)

CITY TRANSIT VICTORY FRONTIER REGIONAL RAIL DIVISION DIVISION DIVISION DIVISION TOTAL SEPTA

OPERATING REVENUES BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL

Passenger Revenue $ 23,262 $ 23,086 $ 1,742 2,000 506 $ 506 $ 11,819 $ 11,827 $ 37,329 $ 37,419 Shared Ride Program 1,406 1,304 - - - - - - 1,406 1,304 Investment Income 54 90 3 5 1 1 67 82 125 178

Other Income 1,637 1,629 188 172 72 58 963 989 2,860 __ 2_,848

TOTAL OPERATING REVENUE 26,359 26,109 1,933 2,177 579 565 12,849 ~898 41,720 41,749

OPERATING EXPENSES

Labor, including Paid Absences 32,452 31,970 3,521 3,649 1,409 1,366 10,586 10,862 47,968 47,847 Fringe Benefits 20,581 20, 146 2,183 1,995 667 706 7,478 7,076 30,909 29,923 Material & Services 10,724 10,815 1,597 1,610 328 286 8,653 8,399 21,302 21,110 Injuries & Damages 1,741 1,741 82 82 40 40 450 450 2,313 2,313 Propulsion Power 972 899 91 85 - - 1,634 1,490 2,697 2,474 Fixed Rent 251 230 14 12 5 4 98 91 368 337 Fuel 1,453 1,454 259 251 162 149 38 29 1,912 1,883

Depreciation 1,183 1,155 19 17 4 4 505 595 1,711 1,771

TOTAL OPERATING EXPENSES 69,357 68,410 7,766 7,701 2,615 2,555 29,442 28,992 109,180 __ 107,658

DEFICIT BEFORE SUBSIDIES (42,998) (42,301) (5,833) (5,524) (2,036) (1,990) (16,593) (16,094) (67,460) (65,909)

OPERATING SUBSIDIES

Federal 1,845 1,862 257 249 88 87 524 516 2,714 2,714 State 33,830 34, 101 4,837 4,689 1,646 1,648 9,850 9,725 50,163 50,163 Local 5,075 5,116 726 703 247 247 1,477 1,459 7,525 7,525 Lease CosUDebt Service 2,143 2,143 13 13 3 3 4,617 4,617 6,776 6,776

Other-Route Guarantees 105 105 - - 52 53 125 38 282 196

TOTAL SUBSIDIES 42,998 43,327 5,833 5,654 2,036 2,038 16,593 16,355 67,460 ~374

SURPLUS AFTER SUBSIDIES $ - $ 1,026 $ - $ 130 $ - $ 48 $ - $ 261 $ - $ 1,465

Unrealized Investment Gain/(Loss) - (221) - (14) - (4) - (225) - (464)

SURPLUS AFTER INVESTMENT GAIN/(LOSS) $ - $ 805 $ - $ 116 $ - $ 44 $ $ 36 $ - ~$~_1,001

Page 1.4 10/17/17


GROUP 2 - CITY TRANSIT DIVISION


BUDGET

AMOUNT

$ 23,262

$

1,691

24,953

1,406

26,359

69,357

(42,998)

42,998

4,979

387

13,172

51

Page 2. 1 10/17/2017

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CITY TRANSIT DIVISION

COMPARATIVE STATEMENT OF INCOME PERIOD ENDED SEPTEMBER 30. 2017

(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL

AMOUNT

$ 23,086

$

1,719

24,805

1,304

26,109

68,41 o (42,301)

43,327

1,026

(221)

805

4,824

380

12,779

49

ACTUAL

BETTER/

(WORSE)

BUDGET%

(0.76)

1.66

(0.59)

(7.25)

(0 95)

1.37

1.62

0.77

(3 11)

(1 81)

(2.98)

(3.92)

ACTUAL

AMOUNT

$ 23,220

$

1,610

24,830

1,451

26,281

70,164

(43,883)

43,790

(93)

(2)

(95)

4,866

406

14,613

53

ACTUAL

BETTER/

(WORSE) BUDGET

LAST YEAR% AMOUNT

OPERATING REVENUES

(0.58) Passenger Revenue $ 68,550

6.77 Other Operating Revenue 5,195

(0.10) Sub-Total - Operating Revenue 73,745

(10.13) Shared Ride Program 4,634

(0 65) TOTAL REVENUE AVAILABLE FOR OPERATIONS 78,379

2.50 OPERATING EXPENSES 225,674

3.61 DEFICIT BEFORE SUBSIDIES (147,295)

(1.06) OPERATING SUBSIDIES 147,295

SURPLUS/(DEFICIT) AFTER SUBSIDIES


SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

(0.86) TOTAL VEHICLE MILES 15,877

(6.40) SHARED RIDE PROGRAM IN ABOVE 1,246

(12.55) REVENUE PASSENGER JOURNEYS 39,348

(7.55) SHARED RIDE PROGRAM IN ABOVE 168


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/

ACTUAL (WORSE) ACTUAL (WORSE)

AMOUNT BUDGET% AMOUNT LAST YEAR%

$ 65,932 (3.82) $ 67,662 (256)

5,452 4.95 5,834 (6.55)

71,384 (3.20) 73,496 (2.87)

4,377 (5.55) 4,582 (4.47)

75,761 (3.34) 78,078 (2 97)

222,548 1.39 225,569 1.34

(146,787) 0.34 (147,491) 048

148,024 0.49 141,980 4.26

1,237 (5,511)

(10) ___ (13)

$ 1,227 $ (5,524)

15,447 (2.71) 15,884 (2.75)

1,251 0.40 1,335 (629)

38,571 (1.97) 44,291 (12.91)

162 (3.57) 175 (7.43)

$

$

LAST YEAR AMOUNT

23,220 56

~ 24,830

~ 26,281

52,886 11,374

1,892 1,062

245 1,624

~ 70, 164

(43,883)

1,984 34,351

5,153 2, 199

103

43.~

(93)

0_

(95)

Page 2.2 10/17/2017

$

$

THIS YEAR ACTUAL BETTER (WORSE) LAST YEAR AMOUNT %

(134) (0.58) 34 60.71 75 4.83

(25) (0.10) (147) (10.13) (172l_ (0.65)

770 1.46 559 4.91 151 7.98 163 15.35

15 6.12 170 10.47 (74) (6.85)

1,754 2.50

1,582 3.61

(122) (6.15) (250) (0.73)

(37) (0.72) (56) (2.55)

2 1.94 (463) (1.06)

1, 119

(219)

900


DETAIL INCOME STATEMENT ONE MONTH ENDED SEPTEMBER 30. 2017

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL

BUDGET ACTUAL BETTER (WORSE) BUDGET

AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 23,262 $ 23,086 $ (176) (0.76) Investment Income 54 90 36 66.67 Other Income 1,637 1,629 (8) (0.49)

SUB-TOTAL 24,953 24,805 (148) (0.59) Shared Ride Program 1,406 1,304 (102) (7.25)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 26,359 26, 109 (250) (0.95)

OPERATING EXPENSES Labor & Fringe Benefits 53,033 52, 116 917 1.73 Material & Services 10,724 10,815 (91) (0.85) Injuries & Damages 1,741 1,741 Propulsion Power 972 899 73 7.51 Fixed Rent 251 230 21 8.37 Fuel 1,453 1,454 (1) (0.07) Depreciation 1,183 1,155 28 2.37

TOTAL OPERATING EXPENSES ~357 68,410 947 1.37

DEFICIT BEFORE SUBSIDIES (42,998) (42,301) 697 1.62

OPERATING SUBSIDIES Federal 1,845 1,862 17 0.92 State 33,830 34, 101 271 0.80 Local 5,075 5, 116 41 0.81 Lease CosUDebt Service 2,143 2,143 Other - Route Guarantees 105 105

TOTAL OPERATING SUBSIDIES 42,998 43,327 329 0.77

SURPLUS/(DEFICIT) AFTER SUBSIDIES 1,026 1,026

Unrealized Investment Gain/(Loss) (221) __ (221)

--SURPLUS/(DEFICIT) After Investment Gain/(Loss) $ $ 805 $ 805

$

$

LAST YEAR AMOUNT

67,662 184

5,650 73,496

4,582 78,078

171,124 36, 136 6,150 2,937

727 5,237 3,258

225,569

(147,491)

6,431 111,363

16,704 7,172

310 141,980

(5,511)

(13)

(5,524)

Page 2.3 10/17/2017

$

$


(1,730) (2.56) 127 69.02

(509) (9.01) (2,112) (2.87)

(205) (4.47) (2,317) (2.97)

344 0.20 1,812 5.01

366 5.95 236 8.04

(101) (13.89) 565 10.79

(201) (6.17) 3,021 1.34

704 0.48

529 8.23 4,875 4.38

732 4.38 (102) (1.42)

10 3.23 6,044 4.26

6,748

3

6,751


DETAIL INCOME STATEMENT THREE MONTHS ENDED SEPTEMBER 30. 2017

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER (WORSE) BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 68,550 $ 65,932 $ (2,618) (3.82) Investment Income 178 311 133 74.72 Other Income 5,017 5,141 124 2.47

SUB-TOTAL 73,745 71,384 (2,361) (3.20) Shared Ride Program 4,634 4,377 (257) (5.55)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 78,379 75,761 (2,618) (3.34)

OPERATING EXPENSES Labor & Fringe Benefits 174,075 170,780 3,295 1.89 Material & Services 33,994 34,324 (330) (0.97) Injuries & Damages 5,784 5,784 Propulsion Power 2,872 2,701 171 5.95 Fixed Rent 743 828 (85) (11.44) Fuel 4,671 4,672 (1) (0.02) Depreciation 3,535 3,459 76 2.15

TOTAL OPERATING EXPENSES 225,674 ~548 3,126 1.39


OPERATING SUBSIDIES Federal 6,328 6,960 632 9.99 State 116,158 116,238 80 0.07 Local 17,424 17,436 12 0.07 Lease Cost/Debt Service 7,068 7,070 2 0.03 Other - Route Guarantees 317 320 3 0.95

TOTAL OPERATING SUBSIDIES 147,295 ~024 729 0.49

SURPLUS/(DEFICIT) AFTER SUBSIDIES 1,237 1,237

Unrealized Investment Gain/(Loss) (10) (10)

SURPLUS/(DEFICIT) After Investment Gain/(Loss) $ $ 1,2']J $ 1,227


GROUP 3 - VICTORY DIVISION

(3 .1) Comparative Statement of Income (3.2) Detail Income Statement - (One Month) (3.3) Detail Income Statement - (YTD)

BUDGET

AMOUNT

$

$

---1,742

191

1,933

7,766 --(5,833)

5,833

941

937

Page 3.1 10/17/2017

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY VICTORY DIVISION


(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/

ACTUAL (WORSE) ACTUAL (WORSE) BUDGET

AMOUNT BUDGET% AMOUNT LAST YEAR% AMOUNT ---OPERATING REVENUES

$ 2,000 14.81 $ 1,871 6.89 Passenger Revenue $ 5,483

177 (7.33) 166 6.63 Other Operating Revenue 574

2,177 12.62 2,037 6.87 TOTAL REVENUE AVAILABLE FOR OPERATIONS 6,057

7,701 0.84 7,073 (8.88) OPERATING EXPENSES 24,750

(5,524) 5.30 (5,036) (9.69) DEFICIT BEFORE SUBSIDIES (18,693)

5,654 (3.07) 5,035 12.29 OPERATING SUBSIDIES 18,693

130 (1) SURPLUS/(DEFICIT) AFTER SUBSIDIES

(14) Unrealized Investment Gain/(Loss)

$ 116 $ (1) SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

895 (4.89) 926 (3.35) TOTAL VEHICLE MILES 3,063

1,067 13.87 1,082 (1.39) REVENUE PASSENGER JOURNEYS 2,976


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/


AMOUNT BUDGET% AMOUNT LAST YEAR%

$ 6,090 11.07 $ 5,761 5.71

522 (9.06) 518 0.77

6,612 9.16 6,279 5.30

24,030 2.91 23,877 (0.64)

(17,418) 6.82 (17,598) 1.02

17,573 (5.99) 16,906 3.95

155 (692)

(2) (1)

$ 153 $ (693}

2,880 (5.97) 3,056 (5.76)

3,292 10.62 3,399 (3.15)

$

$

LAST YEAR AMOUNT

1,871 3

163 2,037

5,188 1,391

123 89 12

253 17

_7,073

(5,036)

235 4,163

625 12

5,035

(12._

(1)

Page 3.2 10/17/2017

$

$


129 6.89 2 66.67 9 5.52

140 6.87

(456) (8.79) (219) (15.74)

41 33.33 4 4.49

2 0.79

(628) (8.88)

(488J (9.69)

14 5.96 526 12.64

78 12.48 1 8.33

619 12.29

131

@

117


DETAIL INCOME STATEMENT ONE MONTH ENDED SEPTEMBER 30. 2017

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER(WORSE)BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 1,742 $ 2,000 $ 258 14.81 Investment Income 3 5 2 66.67 Other Income 188 172 (16) (8.51)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 1,933 __ 2_,177 244 12.62

OPERATING EXPENSES Labor & Fringe Benefits 5,704 5,644 60 1.05 Material & Services 1,597 1,610 (13) (0.81) Injuries & Damages 82 82 Propulsion Power 91 85 6 6.59 Fixed Rent 14 12 2 14.29 Fuel 259 251 8 3.09 Depreciation 19 17 2 10.53

TOTAL OPERATING EXPENSES 7,766 7,701 65 0.84


OPERATING SUBSIDIES Federal 257 249 (8) (311) State 4,837 4,689 (148) (3.06) Local 726 703 (23) (3.17) Lease Cost/Debt Service 13 13 Other - Route Guarantees

TOTAL OPERATING SUBSIDIES 5,833 5,654 (179) (3.07)

SURPLUS/(DEFICIT) AFTER SUBSIDIES 130 130


SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $ $ 116 $ 116

LAST YEAR AMOUNT

$ 5,761 9

509 6,279

17,434 4,845

400 254

36 857

51 23,877

(17,598)

788 13,983 2,098

37

16,906

(692)

(1)

$ ____ (693)

Page 3.3 10/17/2017

$

$


329 5.71 6 66.67

(2) (0.39) 333 5.30

(469) (2.69) 134 2.77 128 32.00

1 0.39 (1) (2.78) 55 6.42 (1) (1.96)

(153) (0.64)

180 1.02

(19) (2.41) 596 4.26

89 4.24 1 2.70

667 3.95

847

(1)

846


DETAIL INCOME STATEMENT THREE MONTHS ENDED SEPTEMBER 30, 2017

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER (WORSE) BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 5,483 $ 6,090 $ 607 11.07 Investment Income 9 15 6 66.67 Other Income 565 507 (58) (10.27)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 6,057 __ 6,612 555 9.16

OPERATING EXPENSES Labor & Fringe Benefits 18,387 17,903 484 2.63 Material & Services 4,919 4,711 208 4.23 Injuries & Damages 272 272 Propulsion Power 267 253 14 5.24 Fixed Rent 40 37 3 7.50 Fuel 811 802 9 1.11 Depreciation 54 52 2 3.70


DEFICIT BEFORE SUBSIDIES (18,693) (17,418) 1,275 6.82

OPERATING SUBSIDIES Federal 824 769 (55) (6.67) State 15,505 14,579 (926) (5.97) Local 2,326 2,187 (139) (5.98) Lease CosUDebt Service 38 38 Other - Route Guarantees

TOTAL OPERATING SUBSIDIES 18,693 17,573 (1,120) (5 99)





GROUP 4 - FRONTIER DIVISION

( 4.1) Comparative Statement of Income (4.2) Detail Income Statement - (One Month) (4.3) Detail Income Statement - (YTD)

BUDGET

AMOUNT

$

$

506

73

579

2,615

(2,036)

2,036

421

269

Page 4.1 10/17/2017

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY FRONTIER DIVISION


(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/


AMOUNT BUDGET% AMOUNT LAST YEAR% AMOUNT

OPERATING REVENUES

$ 506 0.00 $ 614 (17.59) Passenger Revenue $ 1,633

59 (19.18) 59 Other Operating Revenue 219

565 (2.42) 673 (16.05) TOTAL REVENUE AVAILABLE FOR OPERATIONS 1,852



2,038 0.10 1,690 20.59 OPERATING SUBSIDIES 6,661

48 1 SURPLUS/(DEFICIT) AFTER SUBSIDIES

(4) Unrealized Investment Gain/(Loss)

$ 44 $ 1 SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

423 0.48 403 4.96 TOTAL VEHICLE MILES 1,402

262 (2.60) 321 (18.38) REVENUE PASSENGER JOURNEYS 875


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/


AMOUNT BUDGET% AMOUNT LAST YEAR% ---$ 1,550 (5.08) $ 1,761 (11.98)

171 (21.92) 190 (10.00)

1,721 (7.07) 1,951 (11.79)

8,407 1.25 7,926 (6.07)

(6,686) (0.38) (5,975) (11.90)

6,744 1.25 5,746 17.37

58 (229)

(1)

$ 57 $ (229)

1,388 (1.00) 1,350 2.81

782 (10.63) 948 (17.51)

$

$

LAST YEAR AMOUNT

614

59 673

1,951 217

23 4

163 4

2,362

(1,689)

77 1,355

203 3

52 1,690

1

Page 4.2 10/17/2017

$

$


(108) (17.59) 1

(1) (1.69) (1082_ (16.05)

(121) (6.20) (69) (31.80) (17) (73.91)

14 8.59

(193) (8.17)

(301) (17.82)

10 12.99 293 21.62 44 21.67

1 1.92 348 20.59

47

(4)

43


DETAIL INCOME STATEMENT ONE MONTH ENDED SEPTEMBER 30, 2017

(THOUSANDS)


BUDGET ACTUAL BETTER(WORSE)BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 506 $ 506 $ Investment Income 1 Other Income 72 58 (14) (19.44)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 579 565 (14) (2.42)

OPERATING EXPENSES Labor & Fringe Benefits 2,076 2,072 4 0.19 Material & Services 328 286 42 12.80 Injuries & Damages 40 40 Fixed Rent 5 4 1 20.00 Fuel 162 149 13 8.02 Depreciation 4 4



OPERATING SUBSIDIES Federal 88 87 (1) (1.14) State 1,646 1,648 2 0.12 Local 247 247 Lease CosUDebt Service 3 3 Other - Route Guarantees 52 53 1 1.92





$

$

LAST YEAR AMOUNT

1,761 2

188 1,951

6,513 755

75 12

559 12

7,926

(5,975)

261 4,626

694 10

155 5,746

(229)

(229)

Page 4.3 10/17/2017

$

$

THIS YEAR ACTUAL BETTER (WORSE) LAST YEAR

AMOUNT %

(211) (11.98) 2

(21) (11.17) (230) (11.79)

(239) (3.67) (244) (32.32)

(58) (77.33) (1) (8.33)

61 10.91

(481) (6.07)

(711) (11.90)

37 14.18 833 18.01 125 18.01

3 1.94 998 17.37

287

~

286



(THOUSANDS)




OPERATING REVENUES Passenger Revenue $ 1,633 $ 1,550 $ (83) (5.08)

Investment Income 3 4 1 33.33 Other Income 216 167 (49) (22.69)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 1,852 1,721 (131) (7.07)

OPERATING EXPENSES Labor & Fringe Benefits 6,766 6,752 14 0.21

Material & Services 1,060 999 61 5.75

Injuries & Damages 133 133

Fixed Rent 14 13 1 7.14

Fuel 527 498 29 5.50 Depreciation 13 12 1 7.69


DEFICIT BEFORE SUBSIDIES (6,661) (6,686) (25) (0.38)

OPERATING SUBSIDIES Federal 287 298 11 3.83

State 5,397 5,459 62 1.15

Local 810 819 9 1.11

Lease Cost/Debt Service 10 10 Other - Route Guarantees 157 158 1 0.64






GROUP 5 - REGIONAL RAIL DIVISION


BUDGET

AMOUNT

$

$

11,819

1,030

12,849

29,442

(16,593)

16,593

1,621

2,672

Page 5.1 10/17/2017

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY REGIONAL RAIL DIVISION

COMPARATIVE STATEMENT OF INCOME PERIOD ENDED SEPTEMBER 30, 2017

(THOUSANDS)


THIS YEAR LAST YEAR ---

ACTUAL ACTUAL

BEITER/ BEITER/


AMOUNT BUDGET% AMOUNT LAST YEAR% AMOUNT

OPERATING REVENUES

$ 11,827 0.07 $ 10,893 8.57 Passenger Revenue $ 37,166

1,071 3.98 808 32.55 Other Operating Revenue 3,085

12,898 0.38 11,701 10.23 TOTAL REVENUE AVAILABLE FOR OPERATIONS 40,251



16,355 (1.43) 15,469 5.73 OPERATING SUBSIDIES 49,732

261 (18) SURPLUS/(DEFICIT) AFTER SUBSIDIES --(225) (1) Unrealized Investment Gain/(Loss)

$ 36 $ (19) SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

1,616 (0.31) 1,517 6.53 TOTAL VEHICLE MILES 5,354

2,737 2.43 2,664 2.74 REVENUE PASSENGER JOURNEYS 8,591


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BEITER/ BEITER/


AMOUNT BUDGET% AMOUNT LAST YEAR% ---$ 34,571 (6.98) $ 32,596 6.06

3,220 4.38 2,526 27.47

37,791 (6.11) 35,122 7.60

88,954 1.14 87,049 (2.19)

(51,163) (2.88) (51,927) 1.47

51,474 3.50 50,506 1.92

311 (1,421)

64 ___ (30)

---$ 375 $ (1,451)

5,314 (0.75) 5,017 5.92

8,161 (5.01) 8,196 (0.43)

$

$

LAST YEAR AMOUNT

10,893 51

757 11,701

16,233 7,883

172 1,621

779 26

474 27,1~

(15,487)

495 8,782 1,317 4,758

117 15,469

(18)

ill

(19)

Page 5.2 10/17/2017

$

$


934 8.57 31 60.78

232 30.65 1,197 10.23

(1,705) (10.50) (516) (6.55) (278) 131 8.08 688 88.32

(3) (11.54) (121) (25.53)

(1,804) (6.64)

(607) (3.92)

21 4.24 943 10.74 142 10.78

(141) (2.96) (79) (67.52) 886 5.73

279

(224)

55


DETAIL INCOME STATEMENT ONE MONTH ENDED SEPTEMBER 30, 2017

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER(WORSE)BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 11,819 $ 11,827 $ 8 0.07 Investment Income 67 82 15 22.39 Other Income 963 989 26 2.70

TOTAL REVENUE AVAILABLE FOR OPERATIONS 12.849 __ 1_2,898 49 0.38

OPERATING EXPENSES Labor & Fringe Benefits 18,064 17,938 126 0.70 Material & Services 8,653 8,399 254 2.94 Injuries & Damages 450 450 Propulsion Power 1,634 1,490 144 8.81 Fixed Rent 98 91 7 7.14 Fuel 38 29 9 23.68 Depreciation 505 595 (90) (17.82)


DEFICIT BEFORE SUBSIDIES _(16,593) (16,094) 499 3.01

OPERATING SUBSIDIES Federal 524 516 (8) (1 53) State 9,850 9.725 (125) (1.27) Local 1,477 1,459 (18) (1.22) Lease Cost/Debt Service 4,617 4,617 Other - Route Guarantees 125 38 (87) (69.60)

TOTAL OPERATING SUBSIDIES 16,593 16,355 (238) (143)




$

$

LAST YEAR AMOUNT

32,596 187

2,339 35,122

53,989 24,042

550 4,895 2,084

95

~ 87,049

(51,927)

1,619 28,719

4,308 15,510

350 50,506

(1,421)

(30)

(1,451)

Page 5.3 10/17/2017

$

$


1,975 6.06 151 80.75 543 23.22

2,669 7.60

(1,339) (2.48) (1,563) (6.50)

(855) 414 8.46

1,805 86.61 (5) (5.26)

(362) (25.97) (1,905) (2.19)

764 1.47

819 50.59 439 1.53

66 1.53 (294) (1.90)

(62) (17.71) 968 1.92

1,732

94

1,826



(THOUSANDS)




OPERATING REVENUES Passenger Revenue $ 37,166 $ 34,571 $ (2,595) (6.98) Investment Income 220 338 118 53.64 Other Income 2,865 2,882 17 0.59

TOTAL REVENUE AVAILABLE FOR OPERATIONS 40,251 37,791 __ (2,460) (6.11)

OPERATING EXPENSES Labor & Fringe Benefits 55,059 55,328 (269) (0.49) Material & Services 26,659 25,605 1,054 3.95 Injuries & Damages 1,405 1,405 Propulsion Power 4,904 4,481 423 8.63 Fixed Rent 320 279 41 12.81 Fuel 123 100 23 18.70 Depreciation 1,513 1,756 (243) (16.06)

TOTAL OPERATING EXPENSES 89,983 88,954 1,029 1.14

DEFICIT BEFORE SUBSIDIES (49,732) (51,163) __ (1,431) (2.88)

OPERATING SUBSIDIES Federal 1,509 2,438 929 61.56

State 28,374 29, 158 784 2.76 Local 4,256 4,374 118 2.77 Lease CosVDebt Service 15,218 15,216 (2) (0.01) Other - Route Guarantees 375 288 (87) (23.20)

TOTAL OPERATING SUBSIDIES 49,732 51,474 1,742 3.50


Unrealized Investment Gain/(Loss) 64 64


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~=~=~ --~=

MY POEM TO TOM WOLF

I am the voice of the stillborn who cannot speak, I am the voice for the disabled in pain, I am the voice of the asthmatics who cannot breathe, I am the voice for those you have slain.

They breathe the air that's polluted by toxins, They drink the water thaf s darkened by grime, They scratch their skin raw on all the red rashes, They go to school on roads covered in slime.

You are the cause of their sufferings and agonies, You are the cause of their writhing in pain, FRACKING is killing our totally defenseless. It has no sympathy for those it bas slain.

(emailed to his offices several times, am distributing around)

4/24/15 poemforwolf

[email protected]

EXHIBIT "C"

MINUTES OF REGULAR BOARD MEETING OF · PDF fileMinutes of Regular Board Meeting October 26,...

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